Havencrest Capital Management has announced it has invested in Paradigm Health.

Paradigm Health, founded in 2013 and based in Indianapolis, Ind., is a provider of hospice and palliative care in Indiana.

Havencrest, based in Dallas, is a lower middle market private equity investment firm focused exclusively on the healthcare industry. The firm prefers to partner with founder-owned healthcare companies with EBITDA between $2 million and $10 million and revenue of at least $10 million. Within healthcare, Havencrest targets sub-sectors of behavioral health, healthcare services, medical products, pharma services, post-acute care and technology-enabled services.

Terms of the investment were not disclosed.